Bankruptcy Blogs

Breaking News This Morning ...

Morgan Stanley Earnings: Morgan Stanley's profit rose 66% in the second quarter due largely to strong trading revenue. The firm also announced it is buying back $500 million worth of its own stock. Wall Street Journal, New York Times Receiving Wide Coverage ...

JPM to Settle with FERC: JPMorgan Chase appears poised to break a record Barclays set just yesterday. Various news outlets report the bank is in talks to settle allegations of...

Companies that provide on-demand, cross-account control and recommendations are best positioned to serve evolving consumer behavior. Banks that don’t get ahead of this shift could be relegated to the role of back-end infrastructure provider.

Breaking News This Morning ...

BAC Earnings: Bank of America's profit rose 63% in the second quarter, due largely to strong trading revenue and cost-cutting. Wall Street Journal, New York Times, American Banker

More Earnings: PNC Financial Services; U.S. Bancorp Receiving Wide Coverage ...

Confirmed: Richard Cordray was confirmed yesterday as director of the Consumer Financial Protection Bureau, after Senate Republicans agreed not to block his nomination as part of last-minute compromise over President Obama's executive nominees. The compromise...

An encompassing denominator and full disclosure requirements should assuage concerns that Basel fails to go far enough to cushion banks for unexpected losses.